Saab Automobile bankruptcy

Swedish aviation and defense giant Saab has said China's National Electric Vehicle Sweden (NEVS), which has signed a deal with Turkey to help produce the country's first "national car," does not represent the Saab brand, but only owns the company's car production plant. 

Turkey?s ?national car? agreement worth 40 million euros with China?s NEVS has enabled the company to recover from its financial difficulties, the firm has said.